Welcome to Economics.
Economics is the Study of how people and organizations attempt to meet their unlimited wants and needs with limited resources. Economics is not money, money is just a small part of the study of economics and money is nothing more than a tool of exchange, for what I have and can do, for what I want or need.
With the understanding that Economics is not money, and that it is based on the ability to utilize scarce resources, we will begin this semester with the 7 Habits of Highly Effective People by Stephen R. Covey. The principals we will explore the first few weeks can be a life-changing event. Come to class prepared to do some real soul searching, I challenge each of you to honestly address your personal and interpersonal lives, and begin to take change of your life, and take true responsibility for your relationships. How does this relate to economics? Well our abilities mental, physical, and emotional as well as the relationships we build are truly the most valuable and scarce resources we have, so our ability to cultivate them will have a direct impact on our ability to meet our needs and wants.
This year we will be participating in the Stock market game, Students will work as investment teams investing in the Stock market. While the money you will use is pretend the data from the stock market is real.
I am looking forward to the second semester, it has been a good year so far and I fully expect that to continue. I will be posting the first 9 weeks lesson plan soon please take time to review it and come to school in January to enjoy your fastest semester of your High School career.
